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Anyone else have an opinion of the stock chimes?

Posted on 6/14/25 at 8:36 am
Posted by tigerbacon
Arkansas
Member since Aug 2010
4200 posts
Posted on 6/14/25 at 8:36 am
Just got listed on the Nasdaq. I own BAC and SOFI but I’m thinking about getting a position in CHYM since it just became public and I like there nitch.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47412 posts
Posted on 6/14/25 at 8:44 am to
Chime targets low income markets that traditionally forgo the normal banks.

Generally these businesses do well in a solid economy collecting fees and interest on those most vulnerable. However they mostly handle small personal loans which I should think limit some of their exposure in a poor economy. I haven't looked at their financials too see how much exposure they have to the payday loan business, which is fairly risky
Posted by lsuconnman
Baton rouge
Member since Feb 2007
3715 posts
Posted on 6/14/25 at 11:48 am to
Their upside seems limited. Targeting the untapped market of customers seeking $500 loans strikes me as a solution looking for a problem. Not to mention the ungodly number of micro loans needed for growth.

Real financial institutions have explicitly stated the demographic isn’t worth the hassle, which is the only reason the customer base is available to Chime.

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